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BusinessLine , in association with India’s leading commodity bourse, Multi Commodity Exchange of India (MCX), is organising Commodity Conclave 2019 on March 25 in Bengaluru.
Leaders from the auto-components and metals industry will discuss the benefits of hedging through commodity exchanges. A panel discussion on the theme – ‘Combating price risks in metals through hedging’ will feature distinguished speakers from the industry, including Anil Surana, Secretary, Copper Consumers Association of South India; Basavaraj S Javali, President, Karnataka Small Scale Industries Association; G. Chandrashekhar, an independent commodities expert, and Chittaranjan Rege, Head-Base Metals, MCX.
The discussion will also bring to the fore advantages in the new deliverable contracts in Aluminium and Zinc launched by MCX. It will also address the challenges faced by SMEs in sourcing metals and how the exchange platform can help them reach large primary producers directly and benefit. The keynote address will be delivered by Shekar Viswanathan, Vice Chairman and Whole Time Director, Toyota Kirloskar Motor.
Aluminium and zinc futures contracts traded on the MCX platform are compulsorily deliverable now and will be settled based on polled domestic spot prices.
This follows a SEBI circular in October 2017 that said that all commodity derivative contracts should have physical delivery as the preferred mode of settlement.
Cash-settlement was allowed only in commodities that are intangible.
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